dram accounts for more than 70% of micron's business.announced during the time of announced during the time of the pandemic, we developed and just a few weeks ago, we announced our alpha dram technology nodes, the most advanced by any supplier in the world. micron during the pandemic has been working hard on positioning itself to emerge stronger as the industry leader on dram, which we are now ramping up into production and will be continuing to do so through the remainder of this year as well as next year. we actually made some capex investments that we made at the peak of the pandemic in 2020, knowing this is what will be needed in meeting growing demand. however, no question growing demand from all segments of the end market, intelligence edge and smart user devices, all of these are requiring more dram memory. yes, dram is in tight supply at this point, and we expect supply shortages to continue to be tighter through the rest of the year as well. as we look ahead at 2022 as well, we see that the world economies will be rebounding, an

hear the server dram contract is -- having said that, starting to hear the server dram contract is movingo in my mind, that's the first sign we have really bottomed on the dram side. spot pricing the last couple of weeks is starting to rebound. large cloud customers, who are an important point of demand for dram, have increased their buying. while there's not quite as much visibility there, yes, i think we have seen a bottom. paul: we have micron shares up 60% from their july. how much further do you think they have to run? >> i have a price target of 65, which is about nine times my prior eps estimate. that, however, only assumes gross margins in the mid-40 range. last cycle, the margins topped out at 60%, so i would say there is certainly room to move up in the mid 60's, and if you have a relatively strong cycle this time around, i think my estimates could certainly go up from where they are right now. taylor: matt bryson of wedbush. thank you for joining us straight from that analyst call. plenty more global stories when we return. this is bloomberg. ♪ taylor: now to our weeklong serie

the leading chipmaker says the latest dram has the same capacity as the 30-nanometer class dram introduced in july last year... but the latest technology offers a 50 percent improvement in productivity and reduces energy consumption by 40 percent. this has placed samsung's technology around six to 18 months ahead of its taiwanese and japanese rivals... which still produces 30 or 40-nanometer class chips. the industry's second- largest chipmaker, hynix semiconductor also based in korea is trying to catch up... as it plans to develop and start producing 20- nanometer class chips by the end of this year. meanwhile, the world's number three dram maker, japan's elpida memory announced earlier this year that it will start producing 25 -nanometer drams... but that still hasn't happened yet. meanwhile, samsung also began operations of the world's biggest memory fabrication facility, the line-16... which is producing nand flash memory devices... and boasts a size equivalent to 28 soccer fields. experts predict samsung's recent success of producing the 20-nano class drams will redeem the company's s

we do expect the dram price to bottom out at some point.eason for that is because it has three major players and it has invested interest in all of them to bump that price back up. at this stage, we are looking at outlook. to --d not the place expect the price to bottom out until 2020 at the earliest. the rebound would have to follow that. paul: something else the market did not anticipate was this growing tension between japan and south korea. we have japan restricting some access to some of the materials needed for semiconductors. to what extent is that going to affect samsung and sk hynix? yes, it will have a major impact on those two companies, but also, lg, as well with lg display. the components japan is talking ,bout, imposing restrictions also applies to displays as well. samsung is in a strange position where it has both of those components as a key part of its business where sk hynix and lg may be exposed to one of them. , evenas not expected though japan and south korea did not necessarily have the most productive g20 summit toge

>> dram accounts for more than 70% of micron's business.e announced during the time of the pandemic, we developed in just a few weeks ago, we announced our dram technology notes, the most advanced by any supplier in the world. -- dram technology nodes. micron has been working to position itself stronger, and we are now ramping up into production and will be continuing to do so through the remainder of this year as well as next year. we actually made some capex investments knowing that is what would be needed in terms of demand. however, no question that all sectors are requiring more dram memory. yes, dram is in tight supply at this point, and we expect supply shortages to be tighter through the rest of the year as well. as we look ahead at 2022 as well, we see that the world economy will be rebounding, and the secular demand trend -- again from data sectors to smartphones to pc's to automobiles to intelligent devices -- this trend will continue on, driving more need for dram memory. we hope this continues to bring technology nodes to conti

>> dram, samsung electronics, the dram margins are very healthy. consensus will say they will peak around second quarter if not first quarter. memory.viously, is we don't get shoo short-term. we are looking at applications like big data. as well.xample, if you can add computers or circuits which can essentially algos large l goes -- simultaneously, you will need more memory. run yearas had a big to date and luster as well. there will be an equilibrium. i don't want to predict the dram price, but nonetheless, margins are strong at the moment. >> financials. when do we see that group of names rebound? you look at this tax thing and the u.s.. it is -- in the u.s.. the yield curve, it is not conducive to net interest margins. week -- d meats next meets next week. the question will be, how hawkish with a commentary be? thenext two years, three, forward yield curve is interesting. asia, a lot of the countries, thanks specifically, -- banks specifically, are closely correlated to the rate. banks look at philippines or korean banks, i think it is interesti

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think the dram problem is surmountable. cuts they have in place could potentially offset growing demand from the cloud. we are a little more skittish on nand. the reason for that is basically this is a commodity industry where supply and demand balance drive pricing, which in turn drives revenue and profitability for companies like micron, samsung. the interesting thing is the cloud server demand has been lumps. to buy in we are in the dark period right now. we are hoping demand comes back in the second half of 2019. in the case of nand, which is the memory used to store images c., itdeos and music, et is heavily driven by the mobile phone segment. there high-end phone demand is weak and high-end phone capacity is a very high. we think nand has a bigger problem than the ram -- then dram, but we are concerned supply cuts are insufficient to balance supply and demand in the second half of 2019. guy: before we come back to the subject, this is worth highlighting. we just had breaking news over the last minutes. the ex-presiden

a shift in newer dram products in dr five. higher pricing, higher gross margins there.omes down to a conservative management take. haidi: as you say conservative guidance suggests more of a meaningful recovery come 2025. in the interim do you think they could serve dead surprise to the upside managing expectations for the next year to the lower end? matthew: they do not really explicitly give us 2024 guidance. they do talk to some broader trends. but, i mean, in the past month, month and a half alone we have seen noun pricing on the spot market move up 20%-20 5%. generally, we do see relatively rapid shifts in memory when fundamentals start to turn. when you have more demand and less supply. so, i think we are starting to see those trends in the memory markets and so i guess i see a recovery through this fiscal year. certainly, when you look at the cloud, customers who are a large portion of their end market, there, the recovery may come a little later and it made -- might be more like q2, q3, calendar 24. i think even then what we are seeing now, again, dram pricing hi

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headline dram 2010, question mark, short supply? that reflects bizarre strength in dram.he kind of memory that's used in all kind of computer and devices. you crack open a computer, drams will flood out of it. that's so unusual compared to this time next year when the business was tanking and seasonally has been tanking for years and years. clue number two. the research firm j & p says the first quarter has improved for emc. if business has gotten so much better for emc in the fourth quarter, then it should not be able to slow down in time to hurt the first quarter. i think when you look at the trajectory of emc, it's getting stronger by the week into january. the third. micron on its call last night, a huge tip company said that dram prices are up 25%. that's -- i'm flabbergasted it's so big. micron also gave flat guidance rather than down guidance, which is what analysts expected. because that's for demand for pcs and smartphones. also the servers are doing well and everything seems to be getting a boost from microsoft's windows. in other words, everything that goes int

." ♪ yonder stands little maggie with a dram glass in her hand ♪ >> so, the original kind of versionlass in her hand ♪ she's drinking away her sorrows ♪ she's courting some other man ♪ >> reporter: but when he went into the studio for his 2020 self-titled album, he renamed the song simply "maggie." he had come up with an entirely different banjo riff and a driving new rhythm. ♪ ♪ ♪ now, with the banjo augmented by electric guitar, synth and percussion, a brand-new version of a very old song was born, thoroughly contemporary yet steeped in tradition. ♪ yonder stands little maggie with a dram glass in her hand ♪ >> reporter: there's even some singing with that old-time strangeness and mystery he talks about. there's one bit toward the end of your version of "maggie" where the vocals get way out ahead of the beat. what's up with that? >> i just-- i just drifted off. ( laughs ) ♪ she's drinking away her troubles ♪ and courting some other man ♪ >> reporter: a lot of people would have said, "oh, man, i blew that. let's do another take." >> absolutely. well, here's the thing: one thing that

as compensation for housing costs, plus 10,000 drams for utility costs, it is very important that oursters we contacted the bank as soon as possible and opened accounts. on the territory of karabakh itself , the azerbaijani monat will soon be in use. baku today presented a plan for the reintegration of the region, first of all they are going to complete the procession. we have restored our territorial integrity. which was violated for 30 years, it was a tragedy for our nation and a huge humanitarian catastrophe. our experience in restoring territorial integrity is unique in its own way. we have put an end to the conflict that was imposed on us. baku intends to develop the economy of karabakh, entrepreneurs are promised benefits, and the system of wages and social benefits applied throughout the country will be extended to residents. azerbaijani broadcasts have already begun broadcasting in the region. tv channels and radio, armenians are guaranteed respect for their rights. regardless of ethnic, religious or linguistic affiliation, the equality of rights and freedoms of everyone is gu

it is the big of the marriage of drams in the world.as been there for years and years and years. no new capacity has been added in some time and that's aloud random access memories which have been falling in value to stabilize in price, and maybe even increase a bit. this week micron took a real header, why? because it's competitor is rumored to be building a new dram factory. just the rumors set the stock down gigantically because it could put the dram market back in equilibrium ors are worse, oversupply and it was all it took. similar similarly, seagate, and -- as neither they nor anyone else saw much of a need for new one given the decline in pc sales and the flash memory, a competitive form of chip, but get this, just the idea that a dram factory might be built sent these stocks lower for fear that it might lead to new disk drive capacity, that is guilt by supplies is yagz. yet, you don't need to be an econ major to understand stocks and if you don't understand supply and demand then you'll be mystified about how stocks move and a m

on the dram side, it is slightly more difficult to call. am starting to hear that server dram contract is moving up. in my mind, that's the first assigned that we have really bottomed on the dram side. spot pricing over the last couple of weeks is starting to rebound. cloud customers, who are an important point of demand for dram, have increased buying. while there is not quite as much visibility there, yes, i think we have seen a bottom. taylor: that was matt bryson of wedbush securities. tesla shares soared to a record high this week, hovering near elon musk's goal of $420 per share. you may recall that back in august of 2018, he tweeted that he sought to take tesla private at four dollars to cents per $.20 -- four dollars and -- $4.20 per share. i talked to story, bloomberg's craig trudell. >> you do have a lot of electric vehicles, just cars in general that are priced, even premium cars priced below where you see the tesla model three. when the price came out for the made in china model three, i think it caught a lot of people by surpri

costs, plus 10,000 drams for utilities expenses.orcibly displaced brothers and sisters contact the bank as soon as possible and open accounts. on the territory of karabakh itself , the azerbaijani manat will soon be in use. baku today presented a plan for the reintegration of the republic. first of all. to complete the disarmament process, develop the economy, entrepreneurs are promised benefits and continue contacts with the armenians of the region, they are guaranteed the right to preserve and develop culture, religion, and the opportunity to use the armenian language. we have completed our main task: we restored our territorial integrity, which was violated for 30 years, we survived aggressive occupation and ethnic cleansing, it was a tragedy for our nation and a huge... humanitarian disaster. our experience in restoring territorial integrity and sovereignty is unique in its own way. we have put an end to the conflict that was imposed on us. in addition, its head, samval shahramyan and a number of officials still remain in the re

costs, plus 10,000 drams for utilities expenses.rtant that our forcibly displaced brothers and sisters contact the bank as soon as possible and open accounts. on the territory of karabakh itself... soon the azerbaijani monad will be in use. baku today presented a plan for the reintegration of the region. first of all, they are going to complete the disarmament process. we have restored our territorial integrity, which was violated for 30 years. it was a tragedy for our nation and a huge humanitarian disaster. our experience in restoring territorial integrity unique in its own way. we have put an end to the conflict that was imposed on us. baku intends to develop the economy of karabakh; entrepreneurs are promised benefits. does the system of azerbaijani tv channels and radios, wages and social payments for armenian leaders and military personnel, applied throughout the country, have already begun broadcasting in the region, guarantee respect for their rights? regardless of ethnic, religious or linguistic affiliation, equality of rig

. >> well, most states have what are called dram acts.t places responsibility on the, well, the strip club, they call it a gentleman's club. i've never been able to figure that one out. but in any event, texas has a dram act. it's been on the books for 35 years. unfortunately, the texas supreme court watered down, diluted that saying we're going to divide up responsibility. well, based on the evidence in this case, fredricka, if a jury finds that rick's cabaret was 51% responsible for the death of emily jones, then they're responsible for the whole thing. the family will never be able to collect off of ramirez. it'll never happen. i think based on what we see now the family has a good shot at a wrongful death case against rick's cafe under the texas dram act. >> we did attempt to obtain a statement from rick's but they have not responded just for the sake of some balance here. all right. let's move on to another case involving a new york condo estimated at $775,000. apparently this i tilian theater director antonio palenda was convinced i

. >>> well, dram testimony from hulk hogan in his $100 million trial. >>> and one reporter is thanks his mom: hm, how about...? dad: hey haley, break a leg, huh? girl: that's rude. ing to do fantastic. well, thank you. are you nervous, honey? a little. a. i'm gonna rock this thing! vo: now that's the good stuff. the sonoma collection.

will expand the currency section with the exchange spot swap contracts for uzbek amounts, armenian dramnd south african rand transactions will be carried out on 5 rand currency pairs with ruble and dollar, dram also with ruble and dollar and amounts only with ruble. european commission president warns eu countries against returning dirty energy source austria holland germany has already decided to reopen coal-fired power plants amid declining gas supplies from russia we must make sure that we use this crisis to move forward and not to fall back on dirty fossil fuels we are walking a tightrope and that we make the right choice is not predetermined the us is going to shorten its supply chains and create alternative sources of critical goods for said the minister of finance. united states janet helen she cited rare earth metals from china as an example, their share in the us market is almost 80%, and washington does not want to depend on countries for which there are geopolitical concerns, including continuing to work on creating a map or buyers of russian oil to try and limit its value. w

it is all about dram, dynamic random access memory. into computers, electronics, accounts for more than 70% of micron's revenue. morgan stanley is concerned about where that market is heading. to have that concern pop-up at a time when, as you mention, companies increasingly have to wait for their chip orders, that certainly gets your attention. in the dram market, prices are kind of flat the last few months, which tells you there is perhaps not the same sort of supply-demand imbalance we are seeing in chips more broadly. not everyone figures the dram market is headed for a fall. rosenblatt securities figures the issue is overblown. when you look at analysts, micron has 28 by ratings, six holds. clearly, analysts are very positive on this company, even with the backdrop being what it may be for these dram chips. amanda: how has the morgan stanley call and other sentiment issues -- because we have seen chip stocks falling for a couple of days as a group. what is driving it, how is it playing across the space? dave: no question. the phil

you have dram, dynamic memory. think of it as used for any type of apps or algorithms.wer is shut off, it's no longer in use. it's considered faster and cheaper versus nan memory, which is nonvolatile and it's saved, all of your passwords on a usb key. that's considered nan. what these analysts are saying is there's a lot of strength right now in the dram market. why we're seeing the subsequent, and it should benefit names like micron. i want to point out mizuho put out a small note, a few lines, saying they like western digital because that company focuses on the nan part, the nonvolatile. they say there's still a lot of upside in the near term for this name. so, there's -- it's a little confusing with all the acronyms but it seems like right now memory prices could see an upswing, even though we're seeing weakness in other sectors like semicap equipment, even names like nvidia have been falling down, all those a.i. plays. >> yeah. and that initiation of arm at underperform at bernstein, i think the chip business is confusing all the time. thanks. kristina partsinevelo

while brix is ​​exploring the possibility of creating an alternative single currency as soon as the dramsct settlements in national currencies. as soon as they transition and digitize. e your turnovers. well, and accordingly, these spreads reduce commissions. it becomes quite a convenient tool for external economic activity and in this respect gradually. uh, well, western sanctions policies are starting to crowd out and us debt problems are pushing other countries to reconsider their currency priorities. we'll take care of this. it will be the honest detective. now the news of the economy is briefly finnish, fortum has written off assets in russia in the amount of a billion 700 million euros, the total loss from projects in our country is estimated at 2 billion. this was stated by the head of the concern markus roma according to him, fortune has completely lost control over its operations in russia, earlier vladimir putin, by his decree, transferred the company's assets to the management of the growing property of the moscow exchange launched trading in futures for the kazakhstani tenge a

it costs at least 200,000 drams, and for 100, for 100,000 drams, the family, for example, cannot eats, volunteer organizations and commercial structures, including russian ones, are launching their assistance programs. gazprom armenia has already helped over half a thousand people, paying for them rent and services. housing and communal services, improvement, housing, rental housing, the company takes on all this, the program is for 600 families, plus 1,700 families are registered, practically families, i want to say, the haykop wholesale base is the largest in yerevan, buy another hundredweight, buckwheat, flour, rice sugar, journalist and blogger mika bodolyan arrived, with his like-minded people, he prepares humanitarian kits for refugees every day for donations. well, it’s not only armenians, it’s also the russians who send it, as if everyone got involved, all the people, i’ll say this, who have a heart, they understand what is happening here and this is a terrible disaster. another car has arrived, unloading begins, you need to work very, very quickly, because look, here, you se

scarlet: people want to look at the dram part of the business.ceived earnings from two big ai chip related companies. it has been fairly mixed. to some extent that reflects how sentimental were these ai plays and this ai narrative has stalled. how high or low do you think expectations are? how high or low is the bar following what we heard from nvidia? melissa: it will be really interesting. the goal will be for them to meet or exceed expectations and provided outlook that exceeds where the current market is in terms of consensus. what i have been seeing in the space is companies that do not do that have really not seen much movement in their stocks or may even see some downward pressure in the stock price. scarlet: how specific do you expect micron to get when they given outlook? that has been one of the knocks against these companies. they will be generally optimistic rather than pinpoint optimistic. melissa: it is hard to call that. i will be listening on the call to hear specifically about what they said about next quarter and what they expec

it has been these salmon in dram and ram over the last few years -- these are famine in dram and ramr sublimely market. joe: something structurally that makes it difficult for new suppliers? >> you have much more rational players in the market. fewer players in the market. they concentrated supply market and concentrated consumption. for a host of reasons, it points to more rationality in the industry and supply being less than demand. that said, all it takes is one large supplier being highly irrational for a short time that could throw things out of work. -- whack. to crush prices but we are not thinking that will happen. more positive than most, even in ram through 2018. joe: let's talk about the secular supply demand boom happening already. it is intuitive to say our cars will have way more chips in the future, particularly as they go autonomous, what is -- how much more demand are we talking about 5, 10 years out for this industry overall? >> this is an industry that grows low single digit year on year from an annual revenue perspective. you have three distinct camps. memory log

it's not really all that different from dram, except the transformation benefit is a lot less. in dram, we think there's an enormous change going on. >> let me give you the opportunity to talk about this market. a lot of hedge fund guys stick to their i talk about this stock, that stock, but they don't take broad market positions or calls. are we in a bubble? do you think we are? and why? >> well, it's really hard to say. there's certain aspects of the market, certain stocks within the market, that are behaving in a bubble-like fashion. like, you dismissed sort of traditional valuation measures. companies don't make profits, they don't make profit, and have no plans to make any profits. they don't have a business plan conducive toward making profits. if you think about some of the companies, you have a product which might make sense, and it might have a consumer benefit to it, right? but that's not the same thing as a profit stream. and the market seems to be getting these things confused within a narrow set of highly speculative stocks. there's lots of other stocks that are no

on the dram side, it is slightly more difficult to call.aving said that, i am starting to hear that server dram contract is moving up. that is the first sign that we have really bottomed on the dram side. over the last couple weeks they are starting to rebound. large cloud customers which are important -- they have increased their buying. while there is not as much visibility there, i think that we have seen a bottom. bryson.that was matt soared to aey record high this week, hovering near elon musk's goal. you may recall that back in august 2018, he tweeted that he sought to take tesla private at 420 a share. most recent stock surge came from a report that tesla is considering cutting the price of its china belt model three by 20% or more. more on that story, i talked to bloomberg's greg trudeau. electricve a lot of vehicles and cars in general that are priced below where you see the tesla model three. when the price came out for the made in china model three, it caught a lot of people by surprise because it is not that big of a difference.

dram specifically, yes.lieve it is a combination of both demand declining and falling confidence. i think a lot of the market did not anticipate that disruption because of the trade issues. the supply chain got disrupted. dram is a terrible market. the facebook's of the world went out yesterday and spread the blame. david: shipments fell last year. to they continue to fall this year? does that affect pc shipments? does the dynamic relationships to hold? >> there was a 7% decline in all units, largely driven by china. china is about 400 billion out of the 100 billion market. china's problem was less to do with what happened in the fourth quarter. seeing six quarters of declining smartphone volumes in china. they all went into 216 and 2017 with aggressive promotion. the chinaecasting -- it should have stabilized. can it go to 385? yes, it definitely can. flat, you start getting stabilization. apple has 10% decline in units. david: what to the apple numbers tell you. we do watch them very closely because of the

>> the dish and dram, you wanted to come up with a name with the word dram, a measure of scotch whiskey we like our spirits, a lot of nice whiskey selections and bourbon ryes to add into food. >> what are you making? >> because it's st. paddy's day i would make something that was reminiscent of two of my favorite countries, i've larela france, a guinness tart with and you put that pour that right into the filling. >> what else goes in there, s? vanilla. i pre-made the tart shell. it takes a little effort. what is so great you can buy a tart shell at any store. >> and make the filling. >> that's pretty much the filling right there. >> guinneinuinness and sugar an vanilla. >> you dot it with the butter and it makes these really pretty shapes there. >> french and -- >> and irish, little red hair, we thought that was a very important thing to do. it's very simple, bakes for 30 minutes. >> youguinness, it's delicious. >> something we love bacon at the restaurant. >> really nice. >> we're making a brown sugar bourbon bacon candy. this is very interesting. over here you take brown sugar and se

in white, we are looking at the memory,ry -- at dram the kind that goes into computers.ing back to 2014, the cycle of dram going down, the stock going down, and then in 2016, the bottom end. dram started to trend back down well ahead of the stock in 2018, but that appears to be putting in a bottom, so lots of hope there. on earnings, but what do they say about the outlook? abigail: interestingly, they guided a little softer for their fiscal fourth-quarter that they will be reporting at the end of september. i say that because it is down 86% from the fiscal fourth $.46 perf 2018, at share. look at that fiscal fourth quarter of 2019 and the first quarter and second quarter of 2020. it looks like a lobar. in addition, the company indicated that the dram memory we were talking about, there's the idea that maybe excess inventories are going to be removed. so again, returning to the idea of that roller coaster chart we were looking at, investors want in on the possibility that we are at the bottom of a cycle that is going to start to move higher. perhaps the stock will go sign

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this is a warning dram from the actual vending machine in the break room. then there's what can happen if you hit the jackpot. beware of the lottery curse. hurley lived it on "lost." i wonder how many people are playing those exact numbers in the mega millions tonight. and do i have to remind you what it did to roseanne? >> we won the lottery! i can't believe it! >> they never recovered after that. the lottery curse isn't stopping people from standing in line. some people already know what they're going to do with the millions. >> i've always wanted to see europe. that would be nice. >> buy me a nice somewhere where it's a little warmer. >> got 115,000 on my car, so i could use a new car. >> lot of job openings if we win. >> i don't want to be a dream killer but can i just repeat those odds again? one? 176 million. you're statistically more likely to die in a flash flood while visiting the grand canyon. of course unlikely things happen all the time like this for instance. earlier we told you about the 10-year-old girl who became the youngest person ever to

., ., ., dram.ng since — do you think about this? i am 41, smoking since i _ do you think about this? i am 41, smoking since i was _ do you think about this? i am 41, smoking since i was 14, - do you think about this? i am 41, smoking since i was 14, i - do you think about this? i am 41, smoking since i was 14, i have i do you think about this? i am 41, i smoking since i was 14, i have tried so many— smoking since i was 14, i have tried so many times to quit smoking, the only way— so many times to quit smoking, the only way i_ so many times to quit smoking, the only way i feel... i don't have the willpower. — only way i feel... i don't have the willpower. the only way i will be able to _ willpower. the only way i will be able to do — willpower. the only way i will be able to do it as if you ban it. you have _ able to do it as if you ban it. you have to — able to do it as if you ban it. you have to ban _ able to do it as if you ban it. you have to ban it so it is not easily available — have to ban it

you see, there used to be many, many competitors in the dram business.ding japan and two large companies in korea, as well as micron. however, because of capital constraints and the long-term decline of personal computers, the major japanese companies combine into one entity. then collapsed only to be rescued by a $2.5 billion buy. the collapse took out a huge amount of capacity and left pricing firm. chose not to build capacity. they did that in part because of the negative mindset of the great recession. where every manufacturer is afraid to expand. every quarter since the micron lp, the deal closed a little less than a year ago. but thanks to the lack of new capacity, we never saw a collapse in pricing because there was no new supply. now, ever so suddenly as the stock of intel would tell you, we're getting insurgence in demand of devices that use drams. another positive piece on micron. that means prices are actually rising for these commodities as the cost of making the chips is coming down, leading to a potential explosion in earnings. no doubt bec

neither company had ever made advanced dram, so how could they possibly manufacture it together less than a year after the company had been founded? according to the indictment, by onrraine micro -- luring micr employees to steal trade secrets and bring them to the company who would transfer them to the chinese state owned company. we have responded with the full force of our law. we have charged three former micron employees and two companies with economic espionage, stealing trade secrets for the benefit of a foreign government. we also brought a civil suit, the first of its kind, seeking an injunction to prevent exporting dram to the united states, where it would compete and wey with micron worked directly to add that company to its list, making it functionally impossible for the company to buy the materials it needs to make dram based on the technology it is accused of stealing. in these ways, we have deprived the thief of the benefits of its best, mitigated the damage to micron and discouraged future thefts. the macron case is one example of -- micron case is one example. china

nothing dram at dram at bick. at the beaches the onshore breeze weakens. a warmer sunday. this high pressure will give way to the upper heavily disturbances once again through mid-week which means more fog and cooler weather will be back through the week. by the weekend we should see another warmup. plenty of warming taking place in the central valley. fresno. thunderstorms in the high country of the sierra here. likely to appear again tomorrow afternoon. much like it did today. fog will move back to the beach through the day leaving us with a little more sunshine than what we had today and slightly warmer temperatures as once again we will see mid to low 90s for the hot spots. into the upper 80s across east bay and into the north bay. upper 60s. on the peninsula mid to low 60s at the beach and brief warmup will cool off again through mid- week as we see that cooling trend for most of the week a little bump headed our way again just in time for the weekend. that's your forecast now. let's get all the chilling details on candle stick from kim. >> definitely was chilling on

and get $150 credit when you switch to verizon. ♪ sc♪ it's dram-buie!!!! and applause) >> stephen: welcome back. yeah, c'mon! welcome back! nation... nation, as you know, "the colbert report" goes off the air next thursday. (audience reacts) >> stephen: no, no, it's all right. no, no, no, no... so what the critics said when i started this show is finally true -- it won't last more than a couple weeks. (laughter) fortunately, there's still time to praise me. in fact, this morning, my doctor told me my cholesterol was off the chart! (laughter) this is who's honoring me now. ♪ (cheers and applause) tonight's honoring of me now comes from entertainment weekly because i'm on the cover! (cheers and applause) in fact, i'm on the three different covers! (cheers and applause) yes, i have been transformed into legolas gandalf and bilbo to celebrate the release of the final film in the hobbit trilogy -- "the battle of the five armies." and i'm doing this for a very good reason -- entertainment weekly asked me if i wanted to guess dress up like middle earth people, an

scientists conducting a study on 15,000 americans found excess belly fat dram -- dram -- dramatic loo increases the risk of dying early. in other words a man with excess belly fat is twice as likely to die within the next 10 years compared to a man who is obese, but a normal waist to hip ratio. the reason? increased fat around the internal organs increases the risk of heart attack and stroke. where fat in the hip and legs may be more hell -- healthy. jc: it takes physical activity to burn the calories. phil: apparently popping the bubblely is good for score brain. three glasses a day of champagne can prevent the onset of dementia and alzheimer's disease. a compound in black grapes is apparently responsible. he experimented with rats and hopes to move on to humans. >> first of all it is an awful waste of champagne. that is an expensive habit. >> it can affect other parts of your life too. >> but you are not going to turn your nose up at it, right? >> an unlikely find in a shopping plaza parking lot. >> you were talking about an 800-pound alligator. his name appropriately is godzilla. w

♪ sc♪ it's dram-buie!!!! cotch and honey, a little spice, you're in the money!'t complete a degree for lots of reasons at devry university we believe there are also lots of reasons to finish so we help you maximize qualifying credits you've already earned so you can graduate sooner and get on to a great career because whatever kept you from finishing before... all that matters is your reason to do it now. see more reasons to finish and get started at devry.edu. waiter: yep. new gingerbread french toast and pumpkin pancakes. but they're only around for a limited time. girl: can i still get it if i'm on the naughty list? waiter, chuckling: i think you'll be fine. [bell rings] waitress: welcome to denny's! ♪ sc♪ it's dram-buie!!!! cotch and honey, a little spice, you're in the money! ♪ (cheers and applause) >> stephen: we're back with the president of the united states! president barack hussein obama! mr. president, thank you for being here. it's very exciting. you and i don't always see eye to eye on things -- >> i'm glad about that, by the way. >> stephen: you're

shows essentially dram pricing, dynamic random access memory. that is what we talk about when we talk about memory in a computer. in the most recent quarter and mix up around two thirds of micron's revenue. you can see dram prices have been falling, and they historically tend to fall as new technology capacity comes into the market. what is interesting, look at the blue line. micron shares have gained traction in recent weeks. you have seen a number of people on wall street saying look at the second half of 2020 and the key themes we talk about when it comes to chipmakers. increased spending on data sensors, i.t. infrastructure, and new phones that should drive a rebound in dram pricing, and that should ultimately, analysts say, lead to increased profit for micron any long-term. a beat on the top and bottom line and the fiscal first quarter. looking like a worrying picture for fiscal second quarter. we will want to hear more about that on the core -- on the call, as well as huawei. we want to know whether micron can do business with huawei going

dram expecting 31%. i asked mitch why the bite rating he said supply will be constrained leading to surprise increases. on the call they are going through the markets, what demand looks like cloud ai will drive long-term growth micron is positioned there he did say there was market weakness in the quarter no surprise there micron he's arguing is well positioned to capitalize the work from home trend is intact, strong demand. he said dram we have passed the bottom micron will continue to benefit from 5g. back to you. >> guy, micron is in every single market out there. >> you asked how do you trade micron here. we said you close above the 59 high or so before you crash like everything else. now we are at $80 or sho although we don't talk about these names in valuation, i will naen mention that given the earnings growth, there is a chance it continues to go higher from here i understand it has had a huge run. josh just alluded to this, but i think you still stay at micron at these levels. >> it's like prici